Come next summer, at a lithium-ion battery factory in Endicott, N.Y., thousands of rechargeable cells should start rolling off a production line. Run by Imperium3 New York LLC, a consortium of small companies, it will be the only new production facility of its type to open in 2021 in the U.S., delivering batteries to clients in defense, transportation, and other industries.

The current wave of protectionism, which has seen the imposition of new tariffs and other trade restrictions, will cost the global economy as much as US$10tn in GDP by 2025, according to a new report from HSBC and Boston Consulting Group (BCG).

International trade remedies are used by many countries to protect their domestic industries, especially now production has stalled due to the impacts of COVID-19.

Zambia invites Turkey as ‘economic power’, ready to use Turkish lira in foreign trade, says country’s ambassador in Ankara

A World Trade Organization panel ruled Tuesday that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO’s ability to hand down a final, binding verdict.

China on Tuesday said it has decided to exempt tariffs on some US products for one more year, a move seen as another concession in an ongoing trade dispute between the two economic giants.

As of early September this year, the total foreign investment in Vietnam reached US$19.5 billion, down 13.7 percent over the same period last year. However, among 1,797 newly-licensed projects, the registered capital reached $9.7 billion, up 6.6 percent in registered capital over the same period last year. This shows that the new-generation investment attraction policies have been gradually brought into play.

The Government has recentlyissued a decree on the certification of fragrant rice exported to the EU.

The WTO Committee on Trade and Development (CTD) started its autumn schedule of meetings on 14 September with an informal session dedicated to Aid for Trade. A formal CTD meeting on regional trade agreements will be held on 29 September along with a separate meeting on technical assistance and training for developing countries.

Last week the government announced that the UK and Japan had secured a free trade agreement (FTA), the first major trade deal made by the UK since it left the EU.